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FINA has a debt-to-equity ratio of 0.5. The business risk (Ru) is 7% in the industry. The debt-to-equity ratio is 0.4. The cost of debt

FINA has a debt-to-equity ratio of 0.5. The business risk (Ru) is 7% in the industry. The debt-to-equity ratio is 0.4. The cost of debt is 4%. The tax rate is 20%. What is the required return of equity (Re)?

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